Egg Giants Pay to Stop Price Gouging | Chicago News

Egg prices soared last year — and now three giant egg companies are paying the price: Cal-Maine, Versova, and Hickman’s Egg Ranch are settling with the Justice Department and 17 states for secretly colluding to inflate prices through 2025. They’re coughing up $3.3 million and donating 53 million eggs to food banks — without admitting guilt. But consumer advocates say it’s a slap on the wrist: while shoppers paid premium prices, these companies raked in record profits — Cal-Maine alone posted a massive profit. The settlement also forces them to install antitrust compliance and ban price talks with rivals. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/44885f6a0fe10697